Skye Financial Matters
General Service Charges
The cost to operate the village is funded by the residents through the payment of General Service Charges.
The General Service Charges fund the costs associated with the day-to-day management and maintenance of the village.
Additional costs for you are your personal utilities (telephone, internet and electricity) and contents insurance.
Please note: The current weekly fees may be subject to change in the future. While we expect to propose an increase in next year’s budget, at this stage we can’t confirm the amount. Ultimately, any increases above CPI are generally subject to the approval of residents so you have the assurance that the residents/your neighbours have the last say.
The Total Operating Costs funded by the Weekly Recurrent Charge include (but are not limited to):
- Council rates, water, waste and sewerage services;
- External pressure cleaning of all buildings and common areas (annually);
- Insurance of the Village's community facilities and the structural components of the villas;
- Management costs including the Village Manager;
- External pest control (annually);
- External maintenance of your villa;
- Internal maintenance (fixtures and fittings only) of your villa;
- Garden maintenance of all common areas and yards;
- Lights and power costs for common areas and the Village Centre;
- Administration costs including postage, printing, stationery and IT costs; and
- Taxes and statutory costs.
Deferred Management Fee (Exit Fee)
Certainty Option
Our financial models are based on an upfront payment structure with an exit fee.
- The maximum exit fee of 30% (accrued over 6 years) calculated on the Ingoing Contribution (your purchase price)
- 100% of the capital gain or loss to Oak Tree
- Oak Tree to cover 100% reinstatement / refurbishment costs
- 6 month buy back guarantee
- 6 months settling in period
- No weekly fees after vacation
Or call us on 1300 367 155